Monday, April 7, 2014

I am teaching our 3-hour CE seminar about non-lending appraisal
liability in Las Vegas on May 2. This seminar is very generously being hosted for
free by the Las Vegas Chapter of the Appraisal
Institute. Again, the seminar is free.
Plus, LIA's insured appraisers who attend become eligible for an E&O
discount as mentioned below. Yes, we’re basically paying our insured appraisers to learn how to
lower their own risk!

Space is limited. Appraisal Institute members and non-members, LIA-insureds or not,
are all very much welcome and invited to attend the seminar.

Course Summary
Most current discussion of appraiser liability focuses on lawsuits and claims
relating to appraisals performed for mortgage lending. However, appraisal
assignments for litigation and other non-lending purposes actually present a
greater liability risk to the appraiser on a per assignment basis. This seminar
begins with an overview of current appraiser liability issues and then
addresses the specific liability risks associated with appraisals for
litigation, divorce, estate, tax, conservation easement and other non-lending
purposes. It also addresses special liability considerations for review
appraisers and supervisory appraisers. Actual lawsuits involving appraisers
form the foundation of the seminar.

These are the kinds of questions that appraisers get answered in this seminar:
Who sues appraisers serving as expert witnesses and what do they sue for? Who
sues appraisers performing appraisals for tax purposes? What’s the surest way
for an appraiser to be sued for non-lending work? What’s the likelihood of
being sued about a retrospective review appraisal? How does potential liability
for a retrospective review compare with potential liability for a
contemporaneous review? What are the statutes of limitation for claims? What
special provisions should I consider putting in engagement letters for
different types of non-lending assignments?

E&O Discount Information
Appraisers who are insured by LIA’s E&O program or who purchase E&O
from LIA with Liberty Mutual within a year after the seminar become eligible
for a one-time discount on their premium of $50 for a $500K or $1m per claim
policy or $25 for a $300k per claim policy per appraiser by completing the
seminar. Only one discount per insured appraiser per year – i.e., an appraiser
may not obtain multiple discounts in the same year by taking multiple seminars
offered by LIA.

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About the Author

Peter Christensen is an attorney and serves as LIA's general counsel. He previously practiced law with the law firms Latham & Watkins LLP and Irell & Manella LLP. He has a B.S. with an emphasis in accounting from U.C. Berkeley and also received his law degree from U.C. Berkeley (Boalt Hall School of Law). He's been a member of the California bar since 1993. He can be reached at peter@liability.com.Please read the important notice regarding this blog at the bottom of the page. Thank you.

Upcoming Presentations and CE Seminars by Peter Christensen and LIA

The times, locations, pricing and registration for events below are handled by each listed host group.

Kansas City, MO, 5/4/18. Presentation of "Hot Topics and Myths in Appraiser Liability" to the Kansas City Chapter of the Appraisal Institute (3 CE hours).

Appraiser Law Blog Sponsor

LIA provides liability insurance, bonds and personal insurance products to appraisers, appraisal firms and other lender service providers, such as AMCs. It serves more than 20,000 professionals and firms in all 50 states. LIA's general counsel is Peter Christensen.

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